Cannabis Accounting Firms
For anyone operating in the cannabis industry, having qualified accounting and bookkeeping providers is an absolute must. Due to the federally conflicted nature of state-legal cannabis, operators are significantly more likely to face scrutiny from the IRS. Stay compliant and be prepared for an audit by working with an accounting firm, outsourced CFO, or bookkeeping service who specializes in serving cannabis industry clients.
More InformationFeatured Listings:
420 CPA
Our CPA firm has been in the cannabis industry since 2009, with expertise in navigating complex tax issues in all verticals – from cultivators to manufacturing, distribution, and retail. We actively work with clients to ensure the best outcome within 280E and 471c.
We help clients understand state cultivation, excise and sales tax, and local tax issues by advising on best practices to ensure tax and accounting compliance. 420CPA also advises on tax aspects of licensing, royalty, and distribution agreements.
Reach 420 CPA at (310)237-3070 ext 15.
P.S. Business Services Inc.
P.S. provides personalized, professional, and affordable bookkeeping services to businesses across America. Using our efficient processes, integrative software, and remote capabilities, we seek to empower our clients to confidently and financially grow their businesses, to withstand the test of time.
Bridge West LLC
Bridge West LLC is one of the first accounting and advisory firms in the world to focus solely on the cannabis industry. Since 2009, our practice has expanded to over 600 cannabis and hemp clients nationwide. Bridge West works with all types of organizations that provide legal recreational cannabis, medical marijuana, low-THC and high-CBD products, hemp farming, and ancillary services. Our applications services group provides strategic direction to help with the entire cannabis license application process.
Accounting for Green
Accounting for Green is a woman-owned and led virtual finance department providing cloud accounting, technology, and finance advisory services to growth-minded cannabis businesses.
We serve and advise all cannabis verticals, so whether your focus is cultivation, research & development, manufacturing, distribution, or retail, our team of cannabis accounting experts can help you navigate the complexities of compliance and reporting in your state.
When you partner with Accounting for Green, you get access to a dedicated 3-position team Bookkeeper, Controller, and CFO with decades of combined expertise and knowledge that delivers a far superior experience — and more green — than a 1 person in-house solution.
Accountabis Advisors
Accountabis Advisors specializes in servicing cannabis businesses and has extensive experience working with and understanding the nuances of this regulated industry. We can help your business grow by providing up-to-date financial information and specialized services, including: weekly bookkeeping, payroll processing and management, payables and receivables, inventory control, and internal audits. Working with our experienced team means you will have the time to focus on growing your business while we focus on making sure your business runs smoothly.
My Cannabis Accountant
We are a Boutique Accounting firm focused on the cannabis industry. Our management team has over 100 years of combined experience in public accounting. Running a legal cannabis-based business can be complicated. Let us make sure your business is compliant with all federal, state and local financial regulations so that you can focus on your business.
[For phone number, dial ext. 420]
Sax LLP
California Cannabis CPA
Dawn’s Bookkeeping Services
Cherry Bekaert
Johnson Advisors
Zelen Accounting
Henry Levy Group
Cannabis Tax and Accounting Services
GreenGrowth CPAs
420 Financial Strategies
The Green Leaf CPA
Millennial Bookkeeping
Jessica Coblentz-Biehle, CPA / Coblentz-Biehle & Cramer, Certified Public Accountants
Kim Walker, Inc.
The NestEggg Group, Inc.
Sams IV, CPA, P.A.
Lavelle & Associates
Skyline Bookkeeping, LLC
Tree Star Solutions
Kind Accounting Services
CannaBooks, LLC
Hay & Associates, An Accountancy Corporation
Sage Intacct
Alpha Omega Accounting, LLC
CohnReznick LLP
Accounting by Francesca
Luis V Plascencia
Arkley Accounting Group
Blooming Solutions
NOW CFO
THCFO Accounting
The Canna Accountants & Tax Professionals, LLC
Indiva Advisors LLP
Luigi Zamarra, CPA
Janover LLC
Hutcheson and Co. LLP
MGO CPA
Empire Tax and Accounting
Mary Gakere, CPA
Jankovic LLC
Abraham Finberg, CPA
Account Ways
William Leonard, CPA
Vertices
Green Bean CFO
Green Valley Tax Services Inc
R Sessions Professional Group LLC
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How to Hire an Accountant for Your Cannabis Business
Maintaining proper accounting records is arguably the most important part of operating a cannabis business in the United States.
Why is accounting important for cannabis businesses?
When it comes to cannabis, maintaining proper accounting records isn’t just a nice-to-have: it’s crucial.
Tax Code 280E is a federal tax code currently preventing state-legal cannabis businesses from deducting most business expenses from their taxes, aside from the Cost of Goods Sold (COGS), since cannabis is classified as a controlled substance.
Determining the COGS can be tricky, there’s a lot of gray area. That’s why your accountant should fully understand the cannabis industry.
What to look for in a cannabis accountant:
The best accountants for your business have a proven, verifiable track record in the cannabis industry. If they don’t, they answer to someone who does.
Here are some questions to ask:
- How long have you been serving cannabis clients?
- How do you help your clients navigate 280E?
- Do you have experience serving clients like me (startups, vertically-integrated operations, multi-state operators, dispensaries, etc.)?
- Do you have any client testimonials I can see?
- Can you tell me what accounting services you do and don’t perform for a cannabis business like mine?
To begin reaching out to awesome accountants in cannabis, see Ganjapreneur’s verified list of accountants and bookkeepers above! The list was assembled to narrow down your search for the perfect cannabis-friendly accountant.
Ganjapreneur hasn’t worked with each service provider directly, but all of these businesses are active, cannabis-friendly providers in the industry. We encourage you to connect with multiple different accountants on this list in order to determine the best one for you.
Are you a CPA who works in the industry, or do you represent a cannabis accounting firm? Create a profile here to get discovered by new clients! A profile in the Ganjapreneur Business Index also comes with additional features and marketing tools.